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SOUND ENERGY PLC

Share Issue/Capital Change Oct 18, 2024

7926_rns_2024-10-18_108f6371-c0a0-4b6b-b190-7a3117603d3c.html

Share Issue/Capital Change

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National Storage Mechanism | Additional information

RNS Number : 6677I

Sound Energy PLC

18 October 2024

18 October 2024

Sound Energy plc

("Sound Energy" or the "Company")

Partial Conversion of Convertible Loan Note

Total Voting Rights

Sound Energy (AIM: SOU), the AIM listed transition energy company, advises that it has received conversion notices to issue 37,500,000 new Ordinary Shares ("Shares") at a conversion price of 1 pence per Share under an existing Convertible Loan Note Agreement, the terms of which were announced on 13 June 2023 ("Partial Interest Conversion"). The Convertible Loan Note has a remaining principal outstanding of £250,000 and the Partial Interest Conversion reduces the accrued interest owing on the Convertible Notes by £375,000, with £512,500 remaining.

An application has been made for the Shares to be admitted to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares in issue and it is expected that Admission will occur on or around 8.00 a.m. on 22 October 2024.

Following Admission, the Company's enlarged share capital will comprise 2,080,622,679 ordinary shares of 1p each, each with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Flagstaff Strategic and Investor Communications

Tim Thompson

Mark Edwards

Alison Allfrey
[email protected]

Tel: +44 (0)20 129 1474
Sound Energy

Graham Lyon, Executive Chairman
[email protected]
Cavendish Capital Markets - Nominated Adviser

Ben Jeynes 

Peter Lynch
Tel: +44 (0)20 7220 0500
Zeus - Broker

Simon Johnson
+44 (0)20 3829 5000
Gneiss Energy Limited - Financial Adviser

Jon Fitzpatrick

Paul Weidman

Doug Rycroft
Tel: +44 (0)20 3983 9263

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